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id | date | title | slug | Date | link | content | created_at | feed_id |
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42,443 | 19/04/2024 11:50 AM | bValue closes new €90M growth fund | bvalue-closes-new-euro90m-growth-fund | 19/04/2024 | Seasoned Polish investor bValue has closed its growth fund, BVG. bValue’s third fund has raised of €90M from LPs, exceeding the target cap of €80M. The firm drives the development of tech startups and scaleups across Poland and across the CEE region. Roughly half of the capital raised during this phase comes from financial institutions, including the European Investment Fund and the Polish Development Fund. The rest of the capital came from private investors, including Polish and foreign family offices. bValue Growth is a leader of growth equity provision in the region. It seeks to fill the financing gap between venture capital funds, which invest at an early stage, and private equity funds, which offer mainly buyouts. It is rare for investment funds in Poland to successfully raise a third fund. BVG’s investor base consists of nearly 50 percent institutional investors and the other 50 percent private investors, mainly from Poland and Western Europe. This investment was made possible via the European Scale-up Action for Risk capital programme which supports investments in scale-ups. “We appreciate the confidence that investors have placed in us. It is particularly satisfying to see the significant vote of confidence from the European Investment Fund at the first closing of the Fund, which greatly facilitated the acquisition of further investors.” said Maciej Balsewicz, Founder and Managing Partner at bValue. |
19/04/2024 12:04 PM | 1 | |
42,444 | 19/04/2024 11:42 AM | WeCare raises $350,000 to develop lab-grown diamonds | wecare-raises-dollar350000-to-develop-lab-grown-diamonds | 19/04/2024 | Cypriot deeptech WeCare has raised $350,000 for R&D into the development of lab-grown diamonds. Lab-grown diamond productions, including run-of-mine (ROM) diamonds, delivered to designated facilities under Saad Kassis Mohamed's guidance at WeCare Foundation, undergo thorough valuation by accredited experts. Using WeCare Foundation's proprietary valuation methods, these productions are assessed for their market potential and quality before their use within a range of industries such as telecommunications, laser optics, as abrasives and more. The demand for lab-grown diamonds is steadily increasing, with Teji Mandi’s findings suggesting that it is expected to reach 160 million carats by 2030, signifying the growing acceptance of lab-grown diamonds in Asia. "WeCare Foundation is committed to fostering innovation and sustainability in the lab-grown diamond industry. By providing access to tailored funding solutions and market opportunities, we aim to empower small to mid-sized players to thrive in this rapidly evolving sector," commented Saad Kassis Mohamed, Chairman of WeCare Foundation. The funding garnered backing from Red Capital alongside individual investors. |
19/04/2024 12:04 PM | 1 | |
42,445 | 19/04/2024 11:36 AM | UK mulls fresh controls on ‘sensitive tech’ after China cyber attack claim | uk-mulls-fresh-controls-on-sensitive-tech-after-china-cyber-attack-claim | 19/04/2024 | Britain is exploring new curbs on exporting and funding “sensitive technologies” amid growing tensions with China. Oliver Dowden, the UK’s deputy prime minister, launched a review of the restrictions on Thursday. He warned that “hostile states” could use British funds and tech for “military and intelligence” projects that threaten national security. “Our open economy is being targeted by state-based actors and their proxies,” Dowden said in a speech at the Chatham House think tank in London. “Across our inbound and outbound investment flows, our imports and exports, and our academic collaborations, the whole spectrum of our economic security interests is… This story continues at The Next Web |
19/04/2024 12:04 PM | 3 | |
42,442 | 19/04/2024 11:03 AM | Latvian fintech inGain secures €650,000 for no-code SaaS loan management system | latvian-fintech-ingain-secures-euro650000-for-no-code-saas-loan-management-system | 19/04/2024 | Latvian fintech startup inGain has announced that it has raised €650,000 in funding from Trind VC and Fiedler Capital, the Latvian Business Angels network, and several business angels. inGain is a B2B fintech company that provides a lending solution for traditional and fintech lenders, SME lenders, crowdfunding platforms, and businesses in non-finance industries looking to launch and scale their lending and financial products. It enables businesses to focus on their core operations without the hassle of IT management. Its no-code SaaS loan management system serves both secured and unsecured instalment and credit line loans, as well as subscription, rent-to-own, and other fintech products. These services are available to consumers and businesses across various industries, online or offline, and payments can be made in cash or via transfer. According to inGain's co-founder and CEO, Armands Liseks, a store chain in Switzerland that sells various expensive musical instruments, the most popular product is the piano, offering the example of a client.
inGain plans to use the money to finish work on a no-code self-service platform where every interested company could create a lending tool that best suits their products and specific needs. “We have invested in a great product with a sound team behind it,” says a partner in the lead investor Trind VC, Reima Linnanvirta.
Lead image: inGain. Photo: uncredited. |
19/04/2024 11:34 AM | 1 | |
42,441 | 19/04/2024 10:30 AM | She Painted a Few Champagne Bottles. Then Came Meta’s Customer Support Hell | she-painted-a-few-champagne-bottles-then-came-metas-customer-support-hell | 19/04/2024 | A fashion influencer’s struggles to unblock her Instagram account highlight a long-standing problem with Meta’s lackluster customer service. Users and regulators say the company must step up. | 19/04/2024 10:34 AM | 4 | |
42,437 | 19/04/2024 09:30 AM | NEBRA raises $4.5M for zero-knowledge proof technology | nebra-raises-dollar45m-for-zero-knowledge-proof-technology | 19/04/2024 | English crypto startup NEBRA has closed its $4.5M raise in a combined Pre-Seed/Seed Round Led by Nascent and Bankless. NEBRA, a research and development organisation that homes in on strategies for the privacy and scaling of blockchain technology through zero-knowledge proofs, was also supported by angels such as Tim Beiko from Ethereum Foundation, Kartik Talwar from ETHGlobal, Nick White from Celestia, Sandy Peng and Haichen Shen from Scroll. NEBRA has also received funding from a16z Crypto Startup Accelerator as a participant in the CSX Spring 2024 cohort in London. The funds will be used for further research into the Shared Settlement Layer (SSL) of the new internet, tackling the high cost of proof settlement on Ethereum and other blockchains by advancing ZKP technology. Zero-knowledge proofs hold promise for on-chain privacy, which will be key for blokchains to scale. But these technologies often prove prohibitively expensive, collectively costing Ethereum ecosystem users over $50 million in gas fees. During a rigorous 2023 stress test, UPA demonstrated remarkable resilience, processing 1,000,000 proofs within 36 hours – a throughput of 10 proofs per second with an average verification latency of around 2 minutes. "Just as Google revolutionized information access by aggregating internet data, and Uber transformed urban mobility by aggregating transportation resources, NEBRA is pioneering a new approach to bring economy of scale in blockchain ZKP settlements," said Dan Elitzer, co-founder. "NEBRA is establishing itself as the go-to platform for those seeking cheaper, more efficient ZKP settlement solutions across the blockchain ecosystem." |
19/04/2024 09:34 AM | 1 | |
42,439 | 19/04/2024 09:25 AM | How to build strong, cross-cultural remote teams | how-to-build-strong-cross-cultural-remote-teams | 19/04/2024 | For the past two years, I have worked at a company whose workforce hails from around the globe, including the United States, Europe, and Latin America. I’m the only team member based in Santa Marta, on Colombia’s Caribbean coast, and I work remotely — like many of my colleagues on the other continents. The experience has opened my eyes to a dynamic blend of workplace norms and cultures, but has also posed some challenges. Differing time zones, humour and customs, access to technology, communication styles, and various perspectives on work-life balance, have made it clear that building cross-cultural remote teams… This story continues at The Next Web |
19/04/2024 09:34 AM | 3 | |
42,438 | 19/04/2024 09:00 AM | Lazard partners with Elaia Capital to launch growth fund | lazard-partners-with-elaia-capital-to-launch-growth-fund | 19/04/2024 | Asset management leader Lazard signed a strategic partnership agreement with Elaia Partners, who invests across different tech verticals. The partnership involves the creation of a new Paris-based asset management company, Lazard Elaia Capital, which will be 75%-owned by Lazard and 25%-owned by Elaia Partners. It will be led by Xavier Lazarus, co-founder and Managing Partner of Elaia Partners, alongside a newly hired investment team. This investment platform aims to meet the capital needs of future technology and deep tech leaders in late stage and growth equity. An initial fund focusing on Europe will be launched by 2025, subject to regulatory approval. The agreement provides the option for Lazard to purchase up to 100% ownership over time. "The creation of this partnership between Lazard and Elaia Partners will enable us to offer our clients innovative, private market solutions focusing on the growing technology industry in Europe." said Evan Russo, Chief Executive Officer, Lazard Asset Management. “We are excited about this partnership with Lazard, as it will create new opportunities to expand our impact on this growing ecosystem, while providing additional growth leverage for Elaia.” said Xavier Lazarus, co-founder and managing partner of Elaia Partners. |
19/04/2024 09:34 AM | 1 | |
42,436 | 19/04/2024 08:00 AM | Sweden appointed LP of NATO Innovation Fund | sweden-appointed-lp-of-nato-innovation-fund | 19/04/2024 | Sweden has officially become a Limited Partner of the NATO Innovation Fund, joining 23 other countries to invest in advanced technology and science to enhance the defence, security and resilience of the allied nations. This news makes Sweden the 24th NATO ally to join the independent venture capital firm, . The group invests in deeptech startups and scaleups that strengthen its collective security, and is a condition of accession to NATO. The country will now contribute to the existing €1bn fund backing innovation across the alliance. Andrea Traversone, Managing Partner of the NIF, said: "NIF is a new type of investor, focused on deep tech applied to defence, security and resilience. With Sweden's backing, we can take this mission even further, and we're excited by the opportunities to support advanced technology and science that we see in Sweden and across Europe more widely." Swedish Minister for Defence Mr Pål Jonson said: “Joining NATO allows Sweden to strengthen the Alliance, leveraging not just our strategic geographic position and military resources, but also our robust defence and security sector that drives technological innovation and development. Our participation in the NATO Innovation Fund further enhances this contribution.” Participating NATO Allies are Belgium, Bulgaria, Czechia, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Türkiye and the United Kingdom. |
19/04/2024 08:35 AM | 1 | |
42,440 | 19/04/2024 07:55 AM | Meet the speakers of our panel discussion “Startups vs. Policy: How to boost startup ecosystems” at this year’s EU-Startups Summit | meet-the-speakers-of-our-panel-discussion-startups-vs-policy-how-to-boost-startup-ecosystems-at-this-years-eu-startups-summit | 19/04/2024 | On May 9-10, we’ll be hosting the 10th anniversary of our annual in sunny Malta! At the event, we’ll have lots of exciting speakers, panel discussions, networking activities, pitch competitions and much more. The EU-Startups Summit will gather over 2,000 founders, startup enthusiasts and investors for two days of networking, inspiration and learning! One of the… This content is for members only. Visit the site and log in/register to read.
The post Meet the speakers of our panel discussion “Startups vs. Policy: How to boost startup ecosystems” at this year’s EU-Startups Summit appeared first on EU-Startups. |
19/04/2024 09:34 AM | 6 | |
42,435 | 19/04/2024 01:08 AM | Meta Is Already Training a More Powerful Successor to Llama 3 | meta-is-already-training-a-more-powerful-successor-to-llama-3 | 19/04/2024 | The open source Llama 3 AI model released by Meta today is just the start, according to the company’s chief AI scientist, Yann LeCun. He said a new, much larger version is in the works. | 19/04/2024 01:35 AM | 4 | |
42,434 | 18/04/2024 04:47 PM | Tesla's Layoffs Won't Solve Its Growing Pains | teslas-layoffs-wont-solve-its-growing-pains | 18/04/2024 | The car company popularized EVs. Now, facing intense competition from China, it has to figure out what to do next. | 18/04/2024 05:34 PM | 4 | |
42,433 | 18/04/2024 04:00 PM | What If Your AI Girlfriend Hated You? | what-if-your-ai-girlfriend-hated-you | 18/04/2024 | AngryGF offers a perpetually enraged chatbot intended to teach men better communication skills. WIRED took it for a spin. | 18/04/2024 04:04 PM | 4 | |
42,432 | 18/04/2024 03:09 PM | ‘Just like meaty sausages!’ Europe hosts first cultivated meat tasting | just-like-meaty-sausages-europe-hosts-first-cultivated-meat-tasting | 18/04/2024 | Dutch startup Meatable has hosted the first legally approved tasting of cultivated meat in Europe. On the menu was a lab-grown pork sausage. Meatable says the produce is “indistinguishable” from traditional meat, but causes no harm to animals or the environment. To replicate the flavours and textures of livestock, Meatable first extracts a single cell sample from a pig. The sample is then cultivated in a bioreactor. Over time, the sample multiplies and forms real muscle tissue, which is shaped into a familiar meat form. In Europe, however, no one was previously allowed to eat the output. That changed when the… This story continues at The Next Web |
18/04/2024 03:34 PM | 3 | |
42,431 | 18/04/2024 02:31 PM | Energising the European tech ecosystem: Highlights from the EU Innovation Catalyst event in Brussels | energising-the-european-tech-ecosystem-highlights-from-the-eu-innovation-catalyst-event-in-brussels | 18/04/2024 | The EU Innovation Catalyst event gathered Europe’s policymakers, investors, innovators, and industry insiders on April 16 in Brussels to discuss the state of the startup ecosystem in Europe, future policies and opportunities to foster the growth of European innovation. The event also marked the launch for two ambitious EU-funded initiatives: StepUp Startups and Innovation Radar… This content is for members only. Visit the site and log in/register to read.
The post Energising the European tech ecosystem: Highlights from the EU Innovation Catalyst event in Brussels appeared first on EU-Startups. |
18/04/2024 03:04 PM | 6 | |
42,430 | 18/04/2024 02:18 PM | Maxburg Capital Managemen soars past €1B capital raised with Fund IV | maxburg-capital-managemen-soars-past-euro1b-capital-raised-with-fund-iv | 18/04/2024 | Today private equity firm Maxburg Capital Management (announced the successful closure of Maxburg Capital Fund IV.This brings Maxburg's total capital raised to over €1 billion. Fund IV is 50 percent larger than its predecessor. It drew a broad spectrum of global institutional investors, ranging from public and corporate pension funds to consultants, endowments, foundations, insurance companies, and family offices across Europe, North America, and Asia. Several portfolio company founders are also among the investors. Maxburg will continue its partnership with RAG-Stiftung. According to Moritz Greve, partner at Maxburg:
Maxburg invests in both majority and minority stakes, committing between €10 and €100 million in equity per transaction. It has invested in over 55 companies and executed six platform investments across several sectors. Felix Treptow, partner at Maxburg, shared:
Lead image: Moritz Greve, partner at Maxburg. Photo: uncredited. |
18/04/2024 02:34 PM | 1 | |
42,429 | 18/04/2024 01:45 PM | FYLD secures £12M funding for AI-powered field management platform | fyld-secures-pound12m-funding-for-ai-powered-field-management-platform | 18/04/2024 | UK AI-powered field world management platform FYLD has closed a £12 million funding round. Critical infrastructure companies in Europe, North America, and South America—from utilities to heavy civil construction and highway maintenance—use FYLD to drive operational efficiency and reduce safety incidents with data. Using natural language processing, computer vision and AI, FYLD analyses what is taking place in the field in real-time, helping managers and operational teams make better decisions and drive more jobs to completion. FYLD was launched by Koru, a venture studio created by Ontario Teachers to help create and launch new digital companies. FYLD initially collaborated with SGN, a UK gas utility in Ontario Teachers' infrastructure and natural resources portfolio, to test and validate its technology. SGN saw immediate productivity benefits from the partnership, as well as a notable drop in worker incidents and injuries. "Software currently deployed into field workforces in the infrastructure sector remains unfit for purpose", said Shelley Copsey, CEO & Co-Founder at FYLD.
To date, FYLD has raised a total of £26 million, which has helped accelerate the adoption of its AI-powered platform and achieve 3x revenue growth in 2023. "As an investor in infrastructure assets around the world, we see the need for fundamental change in how field workforce operations are managed and delivered," said Dale Burgess, Executive Managing Director of Infrastructure & Natural Resources at Ontario Teachers.
FYLD will use this new capital to scale its commercial team, accelerate product development, enhance its AI-driven predictive analytics platform, and expand into new markets globally. Lead image: FYLD. Photo: uncredited. |
18/04/2024 02:04 PM | 1 | |
42,427 | 18/04/2024 01:00 PM | Swisspod announce new €7M funding round for hyperloop transport | swisspod-announce-new-euro7m-funding-round-for-hyperloop-transport | 18/04/2024 | Swiss-American startup Swisspod Technologies, backed by Richard Branson, have announced a new fundraising round which they hope to close at €7M, having raised €200K already. Swisspod are aiming to commercialise Hyperloop technology for cargo and freight transport. Hyperloop is an intra-continental passenger and cargo transportation system consisting of an autonomous, fully-electric capsule traveling at near-sonic speeds (1200 km/h) in a low-pressure environment, with almost no air resistance. Swisspod has achieved significant milestones over the years, including the construction of Europe's first hyperloop testing infrastructure in Switzerland. The company has expanded its research and development efforts in Colorado, USA, and, through a partnership with TuTr Hyperloop, is working on developing and deploying this cutting-edge technology in India, backed by an agreement between the governments of Switzerland and India. In addition, Swisspod's role in the European Muspell project, which has received €3.5 million in funding from the European Innovation Council (EIC) and the Swiss State Secretariat for Education, Research and Innovation (SERI), underlines its commitment to addressing the thermal management challenges associated with hyperloop systems. "The hyperloop solution we are building at Swisspod is not only incredibly fast and sustainable, but also economically viable as we substantially cut the infrastructure costs. We're thrilled to share our vision for the evolution of transportation with the Romanian community of investors who, like us, value innovation and sustainability, and are contributing to shaping a thriving future," said Denis Tudor, CEO and co-founder of Swisspod. "SeedBlink is more than just a fundraising platform, we are a growth environment for transformative projects like Swisspod's hyperloop. Our platform provides a complex ecosystem for innovation, growth and success, and we're happy to team up with Denis and his team again. The opportunity to invest in Swisspod is more than an investment in the company's revolutionary technology; it's a commitment to shaping the future of global connectivity and sustainability," added Eric Bartha, Head of Revenue at SeedBlink. |
18/04/2024 01:04 PM | 1 | |
42,428 | 18/04/2024 12:30 PM | Found Energy raise $12M Seed Round to extract energy from aluminium waste | found-energy-raise-dollar12m-seed-round-to-extract-energy-from-aluminium-waste | 18/04/2024 | Cleantech Found Energy have raised a $12M Seed Round led by Glenfield Partners. KOMPAS VC also participated in the round. Found Energy’s technology is able to extract carbon-free energy from various aluminium feedstocks, with an aluminum hydroxide byproduct that can fuel alumina refineries, as an alternative to energy generated by depleting fossil fuel reserves. the technology uses a proprietary catalyst and treatment process in order to crack the protective oxide layer that naturally forms on aluminum as it interacts with oxygen. The round included investments from across Europe, the US and Asia, participation from KOMPAS VC, Munich Re Ventures, Good Growth Capital, the Autodesk Foundation, J-Impact, GiTV, Massachusetts Clean Energy Center (MassCEC) as well as Glenfield Partners LTD. The company plans to direct the funding towards the delivery of pilot systems to early adopters within the year as well as further product development. They hope that this technology could be used to decarbonise industries with particularly high carbon emissions such as manufacturing and shipping. Partner at KOMPAS Talia Rafaeli commented:
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18/04/2024 01:04 PM | 1 | |
42,422 | 18/04/2024 12:00 PM | Kota partners with Vitality to expand its benefits software | kota-partners-with-vitality-to-expand-its-benefits-software | 18/04/2024 | Irish SaaS Kota, which provides automation software for companies, has partnered with health insurer Vitality to expand their benefits software so that companies and employees can manage their health insurance packages. HR and Finance teams will be able to view and manage Vitality group medical schemes within the Kota system, alongside the other plans available for their teams across different countries. The extension of Kota’s existing integrations in the UK makes its platform a comprehensive health and retirement benefits solution for companies operating across the UK and Ireland. They have also announced that their systems can be integrated with HR systems to automate the flow of employee data, removing the manual processes of onboarding and offboarding team members. Kota raised 5M in October in a round led by EQT Ventures with a plan to secure healthcare and embedded finance capabilities within the app. Co-Founder and CEO Luke Mackey commented: “We are delighted to announce the extension of our offering with Vitality as part of our further expansion into the UK and European market. For too long HR Managers and employees have had to deal with frustrating and cumbersome processes to enable easy access to core benefits. We have been working closely with Vitality to deliver a powerful employer and employee experience that changes the game for benefits management. Kota is the first to market with its one-stop hub, which empowers remote and distributed companies to control their benefits and protect their teams in one place.” Liam Kennedy, Director of Key Accounts at Vitality, said: “We’re pleased to be partnering with Kota, making it easier for businesses who have the platform to access and update their Vitality health insurance. Through our insurance, organisations can have access to a wide range of health and wellbeing support to enable them to prioritise and positively impact employee health and the productivity of their workforce, alongside providing access to healthcare when they need it.” |
18/04/2024 12:04 PM | 1 | |
42,423 | 18/04/2024 11:54 AM | 4 in 10 translators are losing work to AI. They want remuneration from devs | 4-in-10-translators-are-losing-work-to-ai-they-want-remuneration-from-devs | 18/04/2024 | AI threatens to decimate the translation profession, according to a new survey by a British union. Almost four in ten translators (36%) said they’ve already lost work due to generative AI. Nearly half of them (43%) said the tech has decreased their income. They fear far worse is to come. Over three-quarters of translators (77%) believe GenAI will negatively impact future income from their creative work. The survey was conducted by the Society of Authors (SoA), the UK’s largest trade union for translators, writers, and illustrators. SoA said the livelihoods of translators are at risk. To protect them, the union wants… This story continues at The Next Web |
18/04/2024 12:04 PM | 3 | |
42,424 | 18/04/2024 11:25 AM | Riga-based inGain raises €650k to offer no-code SaaS loan management system for fintechs | riga-based-ingain-raises-euro650k-to-offer-no-code-saas-loan-management-system-for-fintechs | 18/04/2024 | Latvian fintech startup inGain announced that it has raised €650k in funding from venture capital funds Trind VC and Fiedler Capital, as well as from the Latvian Business Angels network and several business angels. This is the first publicly announced investment in Latvian startups this year. inGain offers a no-code SaaS loan management system to fintech… This content is for members only. Visit the site and log in/register to read.
The post Riga-based inGain raises €650k to offer no-code SaaS loan management system for fintechs appeared first on EU-Startups. |
18/04/2024 12:04 PM | 6 | |
42,425 | 18/04/2024 11:06 AM | London-based FilmChain raises €2.8 million to bring automation to payments in film and TV | london-based-filmchain-raises-euro28-million-to-bring-automation-to-payments-in-film-and-tv | 18/04/2024 | UK-based FilmChain, co-founded by Maria Tanjala and Irina Albita, has secured a €2.8 million investment. This financial milestone was achieved through a round led by the Holt IntersXion fund, with support from Roca X, DeBa Ventures, TechAngels Romania, and returning investor HearstLab. The investment, which also converts previous notes, signals a robust vote of confidence… This content is for members only. Visit the site and log in/register to read.
The post London-based FilmChain raises €2.8 million to bring automation to payments in film and TV appeared first on EU-Startups. |
18/04/2024 12:04 PM | 6 | |
42,426 | 18/04/2024 11:01 AM | UK-based Pathios Therapeutics raises €23.4 million Series B to advance first-in-class immunotherapy approach | uk-based-pathios-therapeutics-raises-euro234-million-series-b-to-advance-first-in-class-immunotherapy-approach | 18/04/2024 | Pathios Therapeutics, a biotech company focused on the development of first-in-class therapies for cancer, today announced that the company has raised €23.4 million in the first close of a Series B financing. The financing consists of a new strategic investment from Bristol Myers Squibb, as well as support from existing investors including Canaan and Brandon… This content is for members only. Visit the site and log in/register to read.
The post UK-based Pathios Therapeutics raises €23.4 million Series B to advance first-in-class immunotherapy approach appeared first on EU-Startups. |
18/04/2024 12:04 PM | 6 | |
42,420 | 18/04/2024 11:00 AM | The Real-Time Deepfake Romance Scams Have Arrived | the-real-time-deepfake-romance-scams-have-arrived | 18/04/2024 | Watch how smooth-talking scammers known as “Yahoo Boys” use widely available face-swapping tech to carry out elaborate romance scams. | 18/04/2024 11:04 AM | 4 |